Trader Analyst or Senior Trader Analyst

The successful candidate will execute the Annual Funding and Investment Plan through transacting in money market assets, bonds, and cross-currency interest rate swaps. Shared responsibility for the day-to-day management of the EFA includes:

• Co-lead all investment, trading, and risk management activities and associated analysis related to specific portfolio strategies and positioning
• Interact with counterparties to enhance trading operations, acquire market intelligence, analyze market developments, and manage trading relationships
• Lead or co-lead projects to support and improve both the investment framework and trading tools
• Collaborate with colleagues across both operational and market analysis groups internal to the Bank

In addition to transacting in foreign currency fixed-income markets, FRM traders provide market briefings and policy advice to the Bank’s senior management on activities related to the team’s functions. To succeed in this role, you will be required to deepen your understanding of financial markets and develop a strong understanding of the Bank’s role as a fiscal agent to the Government of Canada and foreign reserve management practices.

What you need to succeed

• understanding of portfolio management theory and fixed-income investment strategies
• commitment to learning and self-development, as well as the capacity to continuously seek to build on the knowledge of portfolio-management practices and financial markets
• ability to communicate clearly, accurately, and concisely with internal and external contacts
• work collaboratively towards the team objectives by sharing ideas, knowledge, and feedback
• strong analytical skills, bringing a wide range of considerations and perspectives to issues and identifying ways to improve on previous efforts
• ability to maintain high ethical and professional standards in all areas of responsibility
• understanding of central banking and foreign reserves management

Nice-to-have 

• completion of, or enrolment in, the Chartered Financial Analyst (CFA) Program or similar programs
• experience with policy analysis and development, and quantitative analysis

Your education and experience
The position requires a master’s degree in finance or economics with a minimum of three years of relevant work experience or an equivalent combination of education and experience may be considered.

What you need to know

• Language requirement: English or French essential
• Priority will be given to Canadian citizens and permanent residents
• Security level required: Be eligible to obtain Secret
• Please save a copy of the job poster. Once the closing date has passed, it will no longer be available.
• In response to the COVID-19 pandemic and further to public health guidelines, preventative measures are being taken to ensure health and safety during the recruitment process. All interviews are conducted virtually.

Hybrid Work Model #LI-Hybrid

The Bank is conducting a trial of a hybrid working model which provides employees with the flexibility to telework for significant portions of each month. During the trial, employees will be expected to come onsite on those days when they are involved in activities that they or their leader feel are better conducted in person and to build connections with colleagues.  For the majority of employees, it is expected that onsite time will range from 5 to 10 days per month, depending on your role.  You must live in Canada and within reasonable commuting distance of the office.

Vaccination Policy

Please note that the application of the Bank’s Covid-19 Vaccination policy has been temporarily suspended, effective June 20, 2022.  As a result, you will not be required to submit verification of your vaccination status before starting employment with the Bank.  However, please note that the Bank reserves the right to reintroduce vaccination requirements in the future if necessary to respond to changing public health advice and government direction.

 We wish to thank all applicants for their interest and effort in applying for this position. Only candidates selected for interviews will be contacted.

What you can expect from us
This is a great opportunity to join a leading organization and be part of a high-performing team. We offer a competitive compensation and benefits package designed to meet your needs at every stage of your life and career. For more information on key benefits please visit A great deal to consider.

Senior Trader Analyst

• Salaries are based on qualifications and experience and typically range from $96,560 to $120,670 (job grade 17)
• Depending on performance, you may be eligible for performance pay for successfully meeting (7 to 10% of your base salary) or for exceeding expectations (15% of your base salary). Exceptional performers who far exceed expectations may be eligible for higher performance pay.

Trader Analyst
Candidates whose experience and/or educational background may not be at the level being recruited for will be considered for a position within the accelerated progression stream program. The accelerated progression stream is for economists and financial sector specialists and is defined by four levels P1 to P4.  In this program, the employees acquire the skills over a number of years to reach the working level of a Senior Economist/Senior Analyst at job grade 17.

• Salaries are based on qualifications and experience and typically range from $80,635 to $96,560 (job grade P3-P4).
• During the progression, you are not eligible for performance pay. Instead, performance is rewarded via a faster rate of progression through the salary range.

Additional benefit information:

Flexible and comprehensive benefits so you can choose the level of health, dental, disability, and life and/or accident insurance coverage that meets your needs

• Extra vacation days (up to five each year) that you can purchase to add to your vacation entitlement
• Indexed, defined-benefit pension plan